<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>4
<NAME>NATIONS ANNUITY MARSICO FOCUSED EQUITIES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Dec-31-2000
<PERIOD-END> Jun-30-2000
<INVESTMENTS-AT-COST> 118,194,742
<INVESTMENTS-AT-VALUE> 145,088,682
<RECEIVABLES> 16,541,289
<ASSETS-OTHER> 10,986
<OTHER-ITEMS-ASSETS> 71
<TOTAL-ASSETS> 161,640,957
<PAYABLE-FOR-SECURITIES> (15,991,467)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (143,742)
<TOTAL-LIABILITIES> (16,135,209)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 118,089,768
<SHARES-COMMON-STOCK> 7,790,717
<SHARES-COMMON-PRIOR> 5,739,250
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (105,500)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (2,698,935)
<ACCUM-APPREC-OR-DEPREC> 26,893,940
<NET-ASSETS> 142,179,273
<DIVIDEND-INCOME> 210,643
<INTEREST-INCOME> 345,324
<OTHER-INCOME> 19,200
<EXPENSES-NET> 680,667
<NET-INVESTMENT-INCOME> (105,500)
<REALIZED-GAINS-CURRENT> (4,600,959)
<APPREC-INCREASE-CURRENT> (4,836,874)
<NET-CHANGE-FROM-OPS> (9,543,333)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,355,378
<NUMBER-OF-SHARES-REDEEMED> (303,911)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 29,063,828
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1,902,024
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 466,667
<INTEREST-EXPENSE> 495
<GROSS-EXPENSE> 838,861
<AVERAGE-NET-ASSETS> 62,181,545
<PER-SHARE-NAV-BEGIN> 19.71
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> (1.44)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 18.25
<EXPENSE-RATIO> 1.09
</TABLE>
